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Porsche 924 GTP restored for coupe's 40th birthday

The Porsche 924 is among the most unappreciated models from the German brand, but it's still an important part of Porsche's history as the predecessor to the 944 and eventually the 968. To mark the 40th anniversary of the sport coupe's 1976 introduction, Porsche Great Britain is restoring an important member of the vehicle's legacy by bringing a 1980 Porsche 924 GTP racecar back to its former glory. This car was among three factory-backed 924 GTPs that raced in the 1980 24 Hours of Le Mans. After the event, the car immediately went into Porsche's museum collection, and it has been there ever since. The missing body parts and rough paint still show the wear and tear of racing around the clock in France. The 924 GTP featured all the tricks you would expect would be needed to take the road-going coupe to the track. Porsche cut the weight down to 2,050 pounds, and the 2.0-liter turbocharged engine made 315 horsepower and 282 pound-feet of torque. Power went to the rear wheels through a five-speed gearbox. You can follow along with the restoration online, including period photos of how it should look. The video above also offers a rare glimpse at the Porsche archive, which includes over 5 million photos and 5,000 hours of movies and audio. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Volkswagen profit jumps as it warns of a cooling auto market

FRANKFURT, Germany — Volkswagen says its profits jumped 44% in the third quarter thanks to a more profitable mix of vehicles in its lineup but warned that global car markets are slowing more than expected and lowered its forecast for annual sales. After-tax profit rose to $4.42 billion (3.98 billion euros) as revenues rose 11% to $68.27 billion (61.42 billion euros). The sales margin of 7.8% exceeded the goal of 6.5-7.5% as vehicles bringing higher profits took a larger share of sales. The Wolfsburg-based automaker pointed to the headwinds facing the industry by saying that it expects "vehicle markets will contract faster than previously anticipated in many regions of the world." It said sales would be "on a level" with last year's record of 10.8 million vehicles. Previously it had expected a slight increase. The company said its profits would be in the lower end of its forecast range. Global automakers are facing a slowdown in sales amid disputes over trade and from pressure in the European Union and China to develop and sell low-emission vehicles that require heavy investment in new technology. Ford and Renault have issued profit warnings in recent days, while Daimler, maker of Mercedes-Benz luxury cars, lost money in the second quarter and is expected to outline a cost-cutting strategy for investors on Nov. 14. Volkswagen is leading the push into electric vehicles in Europe by launching its ID.3 battery-powered compact car at prices it says will make zero local emission vehicles a mass phenomenon. The company was able to increase earnings in the quarter despite an 18% rise in spending on research and development.

Top Gear's latest trailer shows off a golden Bugatti Chiron

Top Gear is returning on March 5, and after a lackluster first series with the new hosts, the new group seems determined not to hit a sophomore slump. Chris Evans is gone, and the latest teaser trailer shows the new trio of Matt LeBlanc, Chris Harris, and Rory Reid strapped into some pretty fantastic cars, including the Bugatti Chiron and the Ford GT. All of the typical Top Gear segments appear to be present, though the quick cuts don't give us many details. The trailer shows a copious amount of powerslides from an assortment of cars, and even Chris Harris racing around Daytona. Aside from the Bugatti and Ford, cars from Porsche, Lamborghini, Ferrari, BMW, Aston Martin, and Alfa Romeo are all present. Co-hosts Eddie Jordan and Sabine Schmitz don't appear at all, so it seems their roles may be downplayed to focus on three guys, as was the case pre-reboot. We have some hope for this re-relaunched show and will be keeping an eye out for more details in the lead-up to the series premiere. Related Video: News Source: YouTube Celebrities TV/Movies Alfa Romeo BMW Bugatti Ferrari Ford Lamborghini Porsche Top Gear chris harris Bugatti Chiron matt leblanc